Common use of No Restraining Action Clause in Contracts

No Restraining Action. No action or proceeding shall have been threatened or instituted before a court or other governmental body to restrain or prohibit the transaction contemplated by this Exchange Plan or to obtain damages or other relief in connection with the execution of such agreements or the consummation of the transactions contemplated hereby or thereby; and no governmental agency shall have given notice to any party hereto to the effect that consummation of the transaction contemplated by this Exchange Plan would constitute a violation of any law or that it intends to commence proceedings to restrain consummation of the Exchange.

Appears in 3 contracts

Sources: Agreement and Plan of Exchange, Agreement and Plan of Exchange (Investar Holding Corp), Agreement and Plan of Exchange (Investar Holding Corp)